"The cat is out of the bag.

CBSSports.com's Ken Berger reported that the Golden State Warriors are interested in moving guard Monta Ellis, engaging in trade talks with multiple teams.

While he admits that his team has engaged in trade talks this summer, new Warriors owner Joe Lacob pushed back against the rumors in an interview with the San Jose Mercury-News.

"There's a tremendous amount of speculation in the press, and I can't believe where all this is coming from… because the stories are completely fabricated, by you or whoever. I don't know who's fabricating them.

"They're fabrications, complete and utter. All these teams that supposedly have talked to us. It's not true. It's just not true.

"I'm not saying we haven't had any discussions, we have. But it's nothing like what's being reported."

Lacob went on to say: "We all really like Monta Ellis a lot. We think he's a great player." He then acknowledged that whether there was a player that was a better fit is an open question and predicted that Ellis wouldn't be traded."